Lee Danner & Bass Inc. Invests $60,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Lee Danner & Bass Inc. purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,746 shares of the company’s stock, valued at approximately $60,000.

A number of other large investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Kyndryl by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company’s stock worth $1,775,000 after acquiring an additional 332 shares during the period. Sandy Spring Bank boosted its stake in Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after buying an additional 442 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Kyndryl during the fourth quarter valued at $817,000. Xponance Inc. boosted its stake in Kyndryl by 6.8% during the fourth quarter. Xponance Inc. now owns 26,612 shares of the company’s stock valued at $921,000 after buying an additional 1,692 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Kyndryl by 51.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 274,897 shares of the company’s stock valued at $9,511,000 after buying an additional 93,302 shares during the period. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna lifted their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Trading Up 1.0 %

NYSE KD opened at $34.57 on Friday. The stock’s 50-day simple moving average is $38.10 and its two-hundred day simple moving average is $31.98. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 10.84 and a beta of 1.85.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.